For Joe Nowland, president and CEO of Jax Federal Credit Union in Florida, the success of any organization is linked to the performance of employees. That’s a key reason behind Jax FCU’s December announcement that the credit union will increase the company’s minimum wage to $15 per hour, beginning Jan. 1, 2020. This change impacts nearly 7% of its employees.
When Joe joined the Jax team in April, focusing on associates needs became one of his primary goals, which extended to providing competitive salaries and a comprehensive benefits package for all employees.
“We are committed to creating a culture that attracts and retains the very best talent,” said Joe. “Improving the financial well-being of our associates allows them to focus their full attention on the needs of our members.”
This raise will accompany Jax Federal Credit Union’s extensive benefit package which includes paid time off with carryover, paid holidays, a 401(k) Safe Harbor Employee Match with no waiting period, cost sharing on medical and dental plans, a company paid life insurance package, performance rewards programs, paid volunteer time, tuition reimbursement with unlimited financial services training and many other employee focused benefits.
In 2019, Jax FCU added 15 new positions and has several job postings on its website. The credit union has developed a career path structure that helps its associates continue to grow and develop, building a successful career.